From ETB 2,900 to 1,500: How Lemi National Cement is Transforming Ethiopia’s Cement Market
When the Ethiopian government lifted the ban on foreign direct investment (FDI) in 2020, it was a clear step toward realizing its vision of...
EthSwitch Plans to Launch Credit Scoring and Digital Lending System
EthSwitch S.C., Ethiopia’s national switch operator, has announced plans to launch a credit scoring and digital lending system. The announcement was made during the...
Ethiopian Transit Clearinghouse Launches at Berbera Port, Enhancing Somaliland-Ethiopia Trade Relations
Today, the Ministry of Finance and Development of Somaliland announced the inauguration of the Ethiopian Transit Clearinghouse at Berbera Port, marking a significant milestone...
Amhara Bank Reports Total Assets Surpassing 35 Billion Birr at General Meeting
Amhara Bank held its 3rd regular general meeting of shareholders today, announcing that its total assets have reached 35.2 billion birr.
The bank revealed a...
Ethiopia’s Banking Reform Bill: Set to Be Ratified in Weeks, Opening Doors to Foreign Banks
Ethiopia is preparing to open its banking sector to foreign competition for the first time in its history, marking a significant shift in the...
Ethiopia’s Capital Market Hits a Milestone with the Launch of the First Securities Exchange
Addis Ababa, Ethiopia – December 7, 2024 – The Ethiopian Capital Market Authority (ECMA) has officially licensed the Ethiopian Securities Exchange S.C. (ESX), marking...
